- Podcast Location:
- Download it here [file size: 20.7 MB]
- Law Categories:
-
Company Law
- CPD Points:
- One Point - details »
Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors and Barristers...
Regulated by the Solicitors Regulation Authority:
Listen and pass the test: Gain 1 accredited CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)
Regulated by the Bar Standards Board:
Listen and pass the test, gain ½ an accredited CPD point (30 minutes)
Listen only, gain ½ a CPD point (30 minutes)
- Cost:
- Standard rate: £25 - Corporate users will pay less.
- Length:
- 30 minutes of audio
(+ optional 5 minute accreditation test) - Streaming Audio:
- Yes Downloadable as MP3: Yes
- Contributor(s):
- Course Aims:
-
This podcast aims to provide beginner and intermediate users with a synopsis of the restrictions imposed by the Companies Act 2006 on agreements under which auditors seek to limit their liability to the companies whose financial statements they audit. The podcast considers the relevant provisions of the Companies Act 2006 and explains the possible future impact of European legislation.
- Outcomes:
- After completing the course you will:
- Have learnt the background to the introduction of statutory limitations on the ability of auditors' to limit their liability when acting as auditors of a limited company;
- Have learnt the provisions of the Act;
- Have learnt the impact on an agreement limiting liability which falls foul of the statutory rules;
- Have learnt the practical implications of the introduction of the new provisions;
- Have learnt the potential for EU legislation providing for harmonisation of legislation in this area throughout the EU.
- Accredited CPD Time:
- 30 minutes
- Level:
- Intermediate
- Sources and References:
-
- Companies Act 2006, sections 532 to 538.
In this CPDcast, we interview Jessica Mance of Essex Court Chambers about the provisions set out in section 532 to 538 of the Companies Act 2006 which limit the ability of auditors' to restrict their liability for actionable wrongs made in relation to their auditing function. The discussions consider the statutory provisions, the changes to the pre-Companies Act 2006 law and the manner in which the provisions are likely to be applied in practice. Jessica Mance also considers the potential for harmonisation within the European Community which may in due course lead to a further alteration in the relevant rule.
This legal podcast forms part of the Companies Act 2006 series of podcasts, which collectively provide a detailed and comprehensive guide to the new legislation.